936 W MOUNTAIN VIEW Road, Phoenix, AZ 85021

$2,750,000

Property Type: Multiple Dwellings Bedrooms: 32 Baths: 16 Status: Closed

Current Price: $2,750,000 Last Modified: 10/15/2026

Overview

Description

16-unit multifamily opportunity located in the North Mountain Submarket of Phoenix, AZ. Originally built in 1965 and renovated in 2018, this asset is strategically positioned near the base of North Mountain, near many economic drivers such as the I-17 employment corridor, $1B redevelopment of the Metrocenter, and the North Mountain Redevelopment Area (NMRA). Additionally, the property consists of a desirable unit mix of 100% two-bedroom, one-bathroom floorplans across 4 separately parceled Fourplexes, allowing for residential or commercial financing. Community amenities include an on-site laundry facility, private patios, and a community common area where there is potential to build additional units.

Listing Details MLS# 6770776

Location, Tax & Legal

House Number: 936
Compass: W
Street Name: MOUNTAIN VIEW
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 2365
Country: US
County Code: Maricopa
Subdivision: IRONWOOD PLACE
Assessor Number: 158-29-201
Tax Year: 2023

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 45,613 sq ft
Year Built: 1965
Uncvrd Parking Spcs: 18
Total # of Units: 16
# of Buildings: 4
Zoning: R-4
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District

Status Change Info

Off Market Date: 2025-01-10
Under Contract Date: 2024-10-28
Close of Escrow Date: 2025-01-10

Legal Info

Township: 3N
Range: 3E
Section: 30
Lot Number: 26

More Information

2 Bedroom Units

# 2 Bedroom Units: 16
Avg Rent: 1301
Avg SqFt: 773
# Baths: Yes

Structure

Bedrooms Total: 32
Bathrooms Total: 16

Income Expenses

Gross Annual Sch Inc: 243840
Net Operating Income: 175346

Showing Notification Methods

Showing Service: No Showing Service Used

Sold Info

Loan Type: Conventional
Loan Years: 7
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 55000
Seller Concession $/%: $

Property Features

Project Type: 13 - 24 Units Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Appliances Included: Built-In Range; Refrigerator; Dishwasher; Microwave Heating: Individual Cooling: Individual Water Source: Submetered System Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Other Road Surface Type: Asphalt Owner Pays: Trash Collection; Landscaping Tenant Pays: Water; Electricity Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; Conventional Environmental: None

Listing Office: Matthews Real Estate Investment Services

Office Phone: 310-388-0788

Office Email: david.harrington@matthews.com

Last Updated: October - 15 - 2026